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New Zealand Dollar Remains Firm on Fiscal Cliff Optimism

By

Rebecca Howard and

Lucy Craymer

Dec. 18, 2012 12:34 a.m. ET

WELLINGTON—The New Zealand dollar remained firm late Tuesday amid signs of progress in U.S. budget talks.

RBC Capital Markets Currency Strategist Sue Trinh said the kiwi is holding up thanks to increasing optimism that negotiators in the U.S. will find a way to prevent a series of automatic tax increases and spending cuts known as the "fiscal cliff."